234 Public Sq Franklin, TN 37064

This exceptional 4,608 square foot, fully renovated commercial property, located on Franklin's historic Public Square, presents a unique investment opportunity. Built in 1892 and extensively renovated in 2022, this Class B building boasts two stories, offering versatile space ideal for various business ventures. The main level currently features a coffee shop and retail space, complemented by a co-working space with multiple conference areas upstairs. The property includes a food prep area convertible to a full commercial kitchen, soaring 12-foot ceilings, original hardwood floors, and a full-size basement. Modern amenities include all-new electrical and plumbing, a new HVAC system with updated ductwork, a fire safety sprinkler system, and four dedicated parking spaces. The property features three main entrances, allowing for easy division if desired. The 0.09-acre lot is zoned commercial. The asking price is $5,250,000, with a 5.15% cap rate. A sale-leaseback option is available, with a five-year lease at $270,000 annually, triple net, and a 3% annual escalation clause. The property is currently vacant. Offers are due October 9th, 2024, by 5:00 PM CST.